The confirmation comes as tensions between the United States and China continue to rise.
US Treasury plans to designate crypto mixers as money-laundering hubs: Report
The department previously targeted individuals connected to Tornado Cash, but its reported actions on mixers followed concerns suggesting Hamas was financed in part by crypto.
US Treasury sanctions Gaza-based crypto operator allegedly tied to Hamas
According to the U.S. Treasury, terrorist groups including Hamas, ISIS, and an al-Qaeda affiliate used the Buy Cash Money and Money Transfer Company to transfer funds.
U.S. Treasury Targets Gaza Crypto Business in Sanctions to Squeeze Hamas
The Treasury Department issued a list of sanctions that included a business providing money transfers and digital assets exchange services in Gaza.
THORSwap, Used by FTX Exploiter, Resumes Trading After Updating Terms to Exclude U.S.-Sanctioned Countries
THORSwap, the exchange that paused its platform last Friday following a series of trades related to the FTX hack, resumed its services on Friday with updated terms and conditions relating to users in sanctioned countries.
US Treasury sanctions crypto wallets as authorities crack down on fentanyl
According to Deputy Treasury Secretary Wally Adeyemo, the sanctioned wallets “received millions of USD funds over hundreds of deposits” used for illicit drugs.
Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges
The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, according to authorities.
US Treasury sanctions Ethereum wallet tied to cartel over ‘illicit fentanyl trafficking’
An ETH wallet tied to Mexican national Mario Alberto Jimenez Castro was allegedly used for illicit fentanyl sales in the United States.
Ethereum Wallet Tied to Sinaloa Cartel Sanctioned by US Government
The United States’ Office of Foreign Assets Control (OFAC) has sanctioned an Ethereum wallet tied to a Mexican man from Sinaloa named Jimenez Castro.
China to build giant AI chip factory to bypass US sanctions: Report
Chinese scientists are reportedly considering constructing massive facilities to manufacture the technology necessary to create AI semiconductor chips locally.
Tornado Cash Developer Roman Storm Pleads Not Guilty to Money Laundering, Other Charges
Tornado Cash developer Roman Storm pleaded “not guilty” to charges of conspiring to operate a money transmitter or facilitate money laundering and sanctions evasion in a court appearance Wednesday.
Tornado Cash Indictments May Prove to Be Just a Localized Storm After All
The Tornado Cash indictments could be another tipping point for crypto. How the case plays out could define how the federal government can deal with decentralized trading platforms if they’re seen as broad precedents. But the case may be much more straightforward than initial reactions suggested.
Binance excludes Banco de Venezuela from P2P payments
Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009.
Binance leaving Russian market is ‘on the table’: Report
A Binance spokesperson reportedly said the global cryptocurrency exchange was considering all options in regard to Russia, “including a full exit.”
OKX and ByBit remove sanctioned Russian banks from payments list
Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on ByBit and OKX.
Binance P2P removes sanctioned Russian banks from payments list
The crypto exchange removed its “yellow” and “green” codewords from its list of payment methods, which previously referred to sanctioned Russian banks.
Binance dubs barred Russian banks on its platform as ‘Yellow’ and ‘Green’ cards
Despite the U.S. DOJ investigating Binance for violation of U.S. sanctions with its services in Russia, the firm has continued to promote its platform in the country.
Tornado Cash co-founders charged with money laundering, sanctions violations
Roman Semenov was placed on OFAC’s sanctioned persons list and Roman Storm was arrested as the United States continued its crackdown on the crypto mixer.
Tornado Cash lawsuit judge sides with US Treasury in motions for summary judgment
Competing motions for summary judgment saw a federal judge rule the U.S. Treasury was within its authority to declare Tornado Cash a sanctioned entity.
US reportedly plans to restrict China’s access to cloud computing services
Report says sources close to the situation have said U.S. officials plan to restrict Chinese companies’ access to cloud computing services as a security measure.